Mongolian energy storage contract

Will Mongolia have a battery energy storage system?

Mongolia will have the largest battery energy storage system of its type in the world. This planned system will serve as a blueprint for other developing countries as they decarbonize their power systems.

What is Mongolia's Energy Policy?

Mongolia has abundant natural and mineral resources. To efficiently meet most of its daily energy needs these resources need to be properly developed and managed. Its energy policy aims to ensure access of its citizens to modern energy services developed on the basis of its important and high potential renewable energy sources.

Will ADB finance Mongolia's first energy storage project?

May 14, 2021: Mongolia’s ministry of energy announced on May 6 that it had received financing from the Asian Development Bank toward the cost of its first utility scale energy storage project. Part of this ADB financing will be used for payments under the contract named above.